iShares MSCI Australia ETF (NYSEARCA:EWA) Sets New 52-Week High – Time to Buy?

iShares MSCI Australia ETF (NYSEARCA:EWA) hit a new 52-week high on Monday . The stock traded as high as $27.81 and last traded at $27.8150, with a volume of 610058 shares traded. The stock had previously closed at $27.38.

iShares MSCI Australia ETF Stock Performance

The stock has a market cap of $1.30 billion, a PE ratio of 19.89 and a beta of 1.04. The stock has a fifty day moving average price of $26.22 and a 200 day moving average price of $26.58.

Institutional Trading of iShares MSCI Australia ETF

Several institutional investors have recently added to or reduced their stakes in EWA. Comerica Bank lifted its stake in shares of iShares MSCI Australia ETF by 21.7% during the 1st quarter. Comerica Bank now owns 3,627 shares of the exchange traded fund’s stock worth $85,000 after acquiring an additional 646 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in iShares MSCI Australia ETF during the 1st quarter valued at about $42,000. BOCHK Asset Management Ltd purchased a new stake in iShares MSCI Australia ETF in the 2nd quarter valued at about $211,000. Mirae Asset Global Investments Co. Ltd. boosted its position in iShares MSCI Australia ETF by 10.1% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 312,532 shares of the exchange traded fund’s stock valued at $8,226,000 after buying an additional 28,762 shares during the period. Finally, Spectrum Asset Management Inc. NB CA bought a new position in iShares MSCI Australia ETF in the 2nd quarter worth about $1,808,000. Institutional investors own 59.69% of the company’s stock.

iShares MSCI Australia ETF Company Profile

iShares MSCI Australia ETF (the Fund), formerly iShares MSCI Australia Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Index seeks to measure the performance of the Australian equity market.